I am a fresher got job this year with earning of 17k per month. As I stay with parents I save 80 per cent of my salary. I invest Rs 5,000 pm in PPF account, and Rs 4,000 in RD, rest Rs 3,000 I invest in mutual fund. These are following funds I invest in. All are direct growth:
1. Nippon Gilt Securities Fund
2. SBI Magnum Constant Maturity Fund
3. SBI Magnum Multicap Fund
4. ICICI Liquid Fund
5. DSP Liquid Fund
6. Motilal Oswal Large and Midcap Fund
7. Axis Long Term Equity Fund
8. Axis Bluechip Fund
I have some questions:
1. Please let me know if these are good funds.
2. Will I be able to prove to my friend that MF is good if I invest these for 3 years?
3. If any changes are there please suggest.